Aggregate Expenditure and Public Welfare: Case of Ten Biggest Economy Provinces in Indonesia

doi:10.47310/hjebm.2022.v03i01.019

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Research Article | Volume 3 Issue 1 (Jan-June, 2022)

Aggregate Expenditure and Public Welfare: Case of Ten Biggest Economy Provinces in Indonesia

Rosyadi

Under a Creative Commons license

Open Access

DOI : 10.47310/hjebm.2022.v03i01.019

Published

Feb. 28, 2022

Abstract

This study was conducted to examine the effect of the basic macroeconomic variable, namely aggregate expenditure, which consists of consumption (C), investment (I), government expenditure (G) and net exports (X & M) on economic growth (Y) and public welfare (HDI) in 10 provinces with the largest GRDP in Indonesia throughout 2015-2019. Using panel data regression, it is found that consumption, investment and net exports have a significant effect on HDI. It is also through path analysis, that all dependent variables have a direct effect on HDI, without going through the mediating variable, economic growth.

Keywords

Consumption

Investment

Government Expenditure

Net Exports

Economic Growth and HDI.

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